BENQI is a non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.

As BENQI matures, the protocol will undergo progressive decentralization and eventually be governed by a DAO containing QI token holders and governance structures both on-chain & off-chain. The founding team will bootstrap the initial release of BENQI.